Half of the preferred stock was issued at a price of 103

Assignment Help Accounting Basics

Reference no: EM13598037

When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock.

Half of the preferred stock was issued at a price of $103 per share, and 70,000 shares of the common stock were sold for $13 per share. At the end of the current year, Resisto has retained earnings of $382,000.

Prepare the stockholders' equity section of the company's balance sheet at the end of the current year.??

Reference no: EM13598037

Questions Cloud

On january 2 2014 mahoney sales issued 10000 in bonds for : on january 2 2014 mahoney sales issued 10000 in bonds for 9400. they were 5-year bonds with a stated rate of 4 and pay

What is the amount of legal capital and the amount of total : the year-end balance sheet of jackson products inc. includes the following stockholders equity section with certain

Due to an increase in demand the company estimates that : feather friends inc. distributes a high-quality wooden birdhouse that sells for 24 per unit. variable costs are 12.00

What different does it make to the worst case scenario in : what different does it make to the worst case scenario in example 17.1 is a the option are american rather than

Half of the preferred stock was issued at a price of 103 : when resisto systems inc. was formed the company was authorized to issue 5000 shares of 100 par value 8 percent

What do just-in-time jit manufacturers demand from their : 1. the just-in-time jit philosophy attempts to reduce setup times which will a. increase batch sizes b. not affect

Eastman kodak sponsors a car in the nascar races like other : eastman kodak sponsors a car in the nascar races. like other major corporations that sponsor sports events kodak

His motor has recently become available from an outside : barrus company makes 30000 motors to be used in the productions of its power lawn mowers. the manufacturing cost per

Bacher company developed the following reconciling : bacher company developed the following reconciling information in preparing its september bank reconciliation cash

User Account

All Pages